Office: 2372 Morse Ave, Irvine, CA 92614
Phone: (949) 356-0840
Email: irvinetaxsolutions@gmail.com

Copyright © 2017 by Irvine Tax Solutions

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RESOURCES

December 22, 2017

Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. You must keep records, such as receipts, canceled checks, and other documents supporting an item of income, a deduction, a credit appearing on a return, etc. Here are the list of a handful of ti...

December 14, 2017

The consequences coming from non-filed returns can be absolutely severe for noncompliance.  Even if people don’t owe any tax, it still be extremely important to file. Let’s look at what happens unless people file tax returns.

1. Non-filling Letter

As someone has a late tax return, the IRS will send out letter having an assortment of code numb...

December 13, 2017

If people haven’t filed their tax returns for a number of years, they are likely anxious and find themselves glancing over shoulder periodically to see if Uncle Sam has caught up with them. Once a refund is older than three years, they can no longer be claimed and can’t be applied to other year income tax liabilities. Thus, non-filers may have the IRS jum...

December 8, 2017

There are a range of reasons to keep records. In addition to tax purposes, people may need to keep them for insurance purposes or for getting a loan. Good records is useful to:

  • Identify sources of income. People may receive money or property from a variety of sources. Records help them determine the sources of income needed to separate business from no...

November 28, 2017

It is essential that business owners correctly determine whether the individuals providing services are employees or independent contractors.

Basically, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payment...

November 2, 2017

With the extended 2017 tax filing season drawing to a close, now is the time to act promptly if you still need to claim a tax refund. Your preparer may take information directly from you or ask you to complete a questionnaire. Either way, you’ll need time to collect and organize the information. Here are 10 steps to take before meeting for your tax prep.

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